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Overview and Market
Home » Texas » San Antonio, Texas: Real Estate » Overview and MarketSan Antonio is located in the south to south-central part of the state and is the county seat of Bexar County. Eight counties make up the metropolitan area, comprising a total metro population of about 1.9 million. The population of the city of San Antonio itself is over 1.2 million.
San Antonio is the eighth largest city in the United States and the second largest in the state of Texas. The median household income in the city is $36,000, while the median house value is a very reasonable $75,000. Some of the major corporations located in San Antonio include AT&T, Valero Energy Corporation, and Clear Channel Communications, among many others.
San Antonio is one of America’s most popular tourist locations, drawing an average of over 20 million visitors per year. The highly-acclaimed San Antonio Convention Center, one of the finest of its kind in the entire country, hosts over 300 events each year, contributing to this number.
The real estate market in San Antonio is booming, with an anticipated 7% growth in 2006 and the potential for up to 8.5% growth in 2007. The average home value in the city is $129,000, and San Antonio has recently been ranked as the #1 real estate market in the entire country, beating out Jacksonville, Florida, and Little Rock, Arkansas, among others.
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